Public Employees Retirement System of Ohio Reduces Stake in Oracle Co. (ORCL)

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Public Employees Retirement System of Ohio lowered its position in shares of Oracle Co. (NYSE:ORCL) by 7.8% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,730,165 shares of the enterprise software provider’s stock after selling 146,984 shares during the quarter. Public Employees Retirement System of Ohio’s holdings in Oracle were worth $78,117,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Wealthquest Corp acquired a new position in Oracle during the fourth quarter worth about $202,000. Trust Co. of Vermont raised its stake in Oracle by 10.9% during the fourth quarter. Trust Co. of Vermont now owns 54,368 shares of the enterprise software provider’s stock worth $2,455,000 after acquiring an additional 5,341 shares in the last quarter. Perpetual Ltd raised its stake in Oracle by 189.2% during the fourth quarter. Perpetual Ltd now owns 236,175 shares of the enterprise software provider’s stock worth $10,585,000 after acquiring an additional 154,500 shares in the last quarter. CHURCHILL MANAGEMENT Corp raised its stake in Oracle by 27.3% during the fourth quarter. CHURCHILL MANAGEMENT Corp now owns 108,209 shares of the enterprise software provider’s stock worth $4,886,000 after acquiring an additional 23,235 shares in the last quarter. Finally, Farmers Trust Co. raised its stake in Oracle by 2.2% during the fourth quarter. Farmers Trust Co. now owns 21,183 shares of the enterprise software provider’s stock worth $957,000 after acquiring an additional 455 shares in the last quarter. 47.39% of the stock is owned by institutional investors.

Several research analysts have commented on ORCL shares. Credit Suisse Group set a $60.00 target price on Oracle and gave the stock a “buy” rating in a research note on Monday, March 11th. Standpoint Research raised Oracle from a “hold” rating to a “buy” rating and set a $42.69 target price for the company in a research note on Wednesday, December 26th. Goldman Sachs Group reissued a “buy” rating and set a $55.00 target price on shares of Oracle in a research note on Thursday, February 14th. Morgan Stanley downgraded Oracle from an “overweight” rating to an “equal weight” rating and lowered their target price for the stock from $57.00 to $53.00 in a research note on Tuesday, January 15th. Finally, Barclays downgraded Oracle from an “overweight” rating to an “equal weight” rating and lowered their target price for the stock from $60.00 to $55.00 in a research note on Wednesday, January 9th. Three research analysts have rated the stock with a sell rating, nineteen have assigned a hold rating and seven have given a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $52.53.

In related news, Director Hector Garcia-Molina sold 3,750 shares of the company’s stock in a transaction that occurred on Friday, February 15th. The stock was sold at an average price of $51.51, for a total value of $193,162.50. Following the sale, the director now directly owns 27,969 shares in the company, valued at $1,440,683.19. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Dorian Daley sold 125,000 shares of the company’s stock in a transaction that occurred on Thursday, March 21st. The shares were sold at an average price of $52.84, for a total value of $6,605,000.00. The disclosure for this sale can be found here. Insiders sold 1,773,750 shares of company stock worth $95,395,063 over the last quarter. 32.00% of the stock is currently owned by company insiders.

NYSE:ORCL opened at $54.48 on Thursday. The stock has a market cap of $226.15 billion, a PE ratio of 19.32, a PEG ratio of 1.81 and a beta of 1.08. The company has a current ratio of 2.65, a quick ratio of 2.65 and a debt-to-equity ratio of 2.13. Oracle Co. has a 1-year low of $42.40 and a 1-year high of $54.91.

Oracle (NYSE:ORCL) last released its quarterly earnings results on Thursday, March 14th. The enterprise software provider reported $0.78 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.76 by $0.02. The company had revenue of $9.62 billion for the quarter, compared to analysts’ expectations of $9.59 billion. Oracle had a return on equity of 34.03% and a net margin of 27.14%. The business’s quarterly revenue was down .7% compared to the same quarter last year. During the same period in the previous year, the business posted $0.83 earnings per share. As a group, sell-side analysts anticipate that Oracle Co. will post 3.08 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 25th. Investors of record on Thursday, April 11th will be issued a $0.24 dividend. The ex-dividend date of this dividend is Wednesday, April 10th. This is a boost from Oracle’s previous quarterly dividend of $0.19. This represents a $0.96 annualized dividend and a yield of 1.76%. Oracle’s dividend payout ratio is presently 34.04%.

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About Oracle

Oracle Corporation develops, manufactures, markets, sells, hosts, and supports application, platform, and infrastructure solutions for information technology (IT) environments worldwide. The company provides services in three primary layers of the cloud: Software as a Service, Platform as a Service, and Infrastructure as a Service.

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Institutional Ownership by Quarter for Oracle (NYSE:ORCL)

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